Berg: IEM more accurate than polls

August 22, 2007 | Campaigns & Elections

With the presidential race intensifying, so is trading activity on the Iowa Electronic Markets, and the program team at the University of Iowa is gearing up to open markets for more 2008 races. Since 1988, the IEM has allowed traders from around the world to invest between $5 and $500 to "bet" on the future performance of political candidates, parties and more. The site has been even more accurate than polls in predicting the outcomes of races, according to IEM board member JOYCE BERG, a professor of accounting at the UI.